Globalization has brought new challenges and changes, in terms of both new risk and new opportunities. It is one of the key drivers of economic and environmental change. The impact can be both positive and negative. This paper explains the impact of globalization and the fundamental issues and current controversies related to globalization (trade, investment, the IMF and the World Bank, technology, media, culture, education, development, migration, health, the role of women, human rights). Introduces the impact on economics, culture, communication, work productivity, ect. This paper explains also the role of multinational enterprises, because they are key vectors of globalization and they have become key actors in the globalization process. Globalization contributes to accelerated economic growth, particularly through increased trade and investment activity and stimulates economic development by integrating emerging economies into the global economy. Advances in communication and transportation technology, combined with free-market ideology, have given goods, services, and capital unprecedented mobility and it is one of the reason globalization. This paper analyzes economic issues globalization, and examines how it might be resisted or regulated in order to promote sustainable development.